Consumer banking
Consumer banking
-
Investors who backed Broadway Financial's 2013 recapitalization are cashing out.
December 24 -
On at least three occasions, Michael Daly flexed his bargaining muscles in discussions with Hampden Bancorp. His tenacity led to a privately negotiated deal, a reduced exchange ratio and an amended employment agreement with Hampden's chief lending officer.
December 24 -
A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.
December 24 -
The bank is piloting one conduit for jumbo mortgages and another for Ginnie Mae-eligible loans.
December 24 -
The 3%-down payment mortgage has been made available to consumers with a speed rarely seen in this business, in large part because more lenders than ever are selling loans directly to Fannie and Freddie.
December 24 -
John Poelker joined a bank in crisis when he agreed to lead Certus in April. His efforts to turn around a crisis-riddled South Carolina company make him one of American Banker's 2015 community bankers to watch.
December 24 -
Andrew Samuel left Susquehanna Bancshares, where he was in line to become CEO, to run the tiny Sunshine Bancorp in Florida. While Susquehanna recently agreed to sell itself to BB&T, Samuel has been working furiously to hire and expand at his new employer.
December 24 -
Mutual conversions soared this year as mutual thrift executives sought to raise capital at the behest of investment bankers and others. With many of the biggest mutuals having converted this year, there may be a drop-off in conversions in 2015.
December 24 -
An appeals court has upheld the four-year prison term of a former collection agency executive who was the mastermind behind a $12 million fraud scheme from January 2007 to March 2011.
December 24 -
Westbury Bancorp in West Bend, Wis., named a new president for the company and its bank subsidiary.
December 24 -
It isn't just payday lenders and money-services firms that are being ditched by banks lately. Community banks are getting cut off too.
December 24 -
The subsidiary of Chemung Financial in Elmira, N.Y., has sold its equity securities portfolio.
December 24 -
WASHINGTON Medical debt may prove to be one of the complex areas that the Consumer Financial Protection Bureau will tackle in its highly anticipated rulemaking on debt collection next year.
December 24 -
Dan Rollins' ability to have a BSA-related consent order removed and get two acquisitions back on track could embolden more big community banks to pursue deals next year.
December 23 -
A federal bankruptcy court has approved the sale of PNA Bank in Chicago.
December 23 -
Fairmount Bancorp in Baltimore seems poised to face a proxy battle next year from activist investor Joseph Stilwell.
December 23 -
As the real estate market ramps back up, lenders are looking for ways to diversify their portfolios, even if the returns are slim.
December 23 -
A recent study intended to measure Americans' understanding of arbitration clauses asked the wrong questions. The more germane issue is whether arbitration produces better outcomes for consumers than court and class action litigation.
December 23 -
Kearny Financial in Fairfield, N.J., has withdrawn its application for a mutual-to-stock conversion.
December 23 -
BofI Holding in San Diego has agreed to buy $125 million in deposit accounts from a unit of First Marblehead.
December 23



